Glass Packaging Market Update, Analysis, Forecast, 2017 – 2024

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FB Applications boosting Glass Packaging Market
by 2017 to 2024
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Global Market Scenario of Glass Packaging Industry

• The 2017 Glass Packaging Market forecast report
  focuses on regional growth for 15 countries,
  leading industry companies, applications of
  Aluminum Alloys Market and more with an aim to
  help take business decisions.
• Glass Packaging Market size will surpass USD 65
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Healthcare industry is one of the leading driver
  for the glass packaging market. In 2016, the
  global healthcare industry revenue was around USD
  1.6 trillion and will grow at an exponential rate
  in the forecast period. Increasing pharmaceutical
  products and medicines demand will propel the
  glass packaging market owing to its chemically
  inert properties towards the liquid syrups.
• Glass is a 100 recyclable product without
  degradation of purity or quality. It also has a
  negligible chemical interaction rate which makes
  it a favorable material for the packaging of
  medicines and other chemicals. These factors have
  driven the industry in the healthcare sector on a
  large scale.

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• Food and beverages are stored in glass containers
  and bottles as it is impermeable and non-porous.
  This makes it easy to keep intact and preserve
  the flavors and smell of the food and beverages.
• Close to 80 of the product that goes into the
  recycle bin is used to make new bottles. Rising
  health awareness and potential risks from plastic
  packaging have shifted consumer focus on glass
  packed products over plastic or metal. These
  aspects will propel the glass packaging market in
  coming years.
• Growing plastic packaging demand due to cost
  effectiveness, easy handling transportation,
  durability, and moldability, and aesthetic
  features will negatively affect the glass
  packaging market in coming years.
• Glass packaging, due to its high cost,
  brittleness and transportation inconvenience is
  may face hindrance in growth in future years.

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1988
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• Product Analysis-
• Global glass packaging market is bifurcated on
  the basis of product into soda lime, de-alkalized
  soda lime, and borosilicate types. Popularly
  known as soda lime silica glass, soda lime
  product is commonly used in the food beverages
  industry.
• It is also used for containers and windows. Soda
  lime product type holds a substantial share in
  the entire glass packaging market.
• Borosilicate type is formed using major
  constituents such as boron trioxide and silica.
  It is subject to less thermal stress and finds
  application in reagent bottles construction.
• Application Analysis-
• On the basis of application, the industry is
  classified into pharmaceutical, food beverages,
  beer, alcoholic beverages and others. The others
  segment includes minor applications such as
  personal care, cosmetic products, fragrance
  perfumes, etc.
• Increasing beer and alcoholic beverages
  consumption in emerging economies coupled with
  the changing lifestyles and increasing income
  levels will propel the glass packaging market in
  these regions. This segment holds almost a fifth
  of the entire industry.

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Regional Analysis Taking regions into
consideration, Asia Pacific accounts close to 40
of the overall glass packaging market share.
Development in pharmaceutical industry and rising
amount of alcohol consumption will propel the
industry in the next few years. India and China
will dominate the regional glass packaging market
owing to hospitality sector development and
enormous customer base. Competitive
Analysis With top six players accounting for a
30 industry share, global glass packaging market
is highly fragmented in nature. The key top
players in the market are Vetropack Holding,
Vidrala, Gerresheimer, Saint-Gobain, Ardagh
Group, and Owens-Illinois Inc. Other prominent
players in the industry include Wiegand-Glas,
Amcor, Vitro Packaging, Stolzle-Oberglas,
Piramal, Nihon Yamamura, Koa, Heinz-Glas,
Hindusthan National Glass Industries, Consol,
and Bormioli Rocco SpA to name a few.
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Latest Research Report On Glass Packaging
Market_at_ https//www.gminsights.com/industry-analys
is/glass-packaging-market Request for sample
of this research report_at_ https//www.gminsights.c
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